HF Sinclair Co. (NYSE:DINO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 87.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,017 shares of the company's stock after selling 194,869 shares during the quarter. Bank of Montreal Can's holdings in HF Sinclair were worth $947,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in HF Sinclair in the third quarter valued at approximately $1,560,000. Virtu Financial LLC acquired a new position in shares of HF Sinclair during the third quarter worth $298,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of HF Sinclair in the 3rd quarter valued at about $5,927,000. World Investment Advisors LLC acquired a new stake in shares of HF Sinclair in the third quarter valued at about $654,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of HF Sinclair in the third quarter valued at about $134,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Insiders Place Their Bets

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

NYSE DINO traded up $0.41 on Thursday, reaching $30.44. The company had a trading volume of 433,464 shares, compared to its average volume of 3,296,326. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $5.74 billion, a PE ratio of 37.13 and a beta of 1.00. The firm's 50 day moving average price is $31.92 and its 200 day moving average price is $36.57. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. As a group, equities analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.57%. HF Sinclair's payout ratio is currently 243.90%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DINO. Mizuho decreased their price target on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Morgan Stanley reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Scotiabank cut their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.10.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.